Be it enacted by the People of the State of Maine as follows:

Sec. 1. 5 MRSA §13080-A, sub-§6, as corrected by RR 1997, c. 2, §19, is amended to read:

6. Loring Air Force Base. "Loring Air Force Base" or "base" means those properties and facilities within the geographic boundaries of the United States Department of Defense air force base at Limestone existing on July 13, 1993. "Base" also includes the Madawaska dam site, the Loring Water System, the Loring #3 communications site in Limestone, the pipeline from Searsport to Limestone and other geographically separate property that the authority determines should be deemed considered part of the base, if the municipality in which the property is located has chosen not to accept the property and utilize it for other purposes.

Sec. 2. 5 MRSA §13080-B, sub-§1, ¶¶G, J and K, as enacted by PL 1993, c. 474, §1, are amended to read:

G. Contract with the Federal Government or its instrumentalities or agencies, this State or its agencies, instrumentalities or municipalities, public bodies, private corporations, partnerships, associations and, individuals and other persons to carry out the purposes of this article;

J. Borrow money, make, issue and sell at public or private sale negotiable notes, bonds and other evidences of indebtedness or obligation of the authority for the purposes under this article and secure the payment of that obligation or any part of that obligation by pledge of all or any part of the operating revenues or other revenues or property of the authority;

K. Enter into loan or security agreements with borrowers or one or more lending institutions, including, but not limited to, banks, insurance companies and pension funds, or trustees for those institutions for the purposes for which bonds may be issued and exercise with respect to those loan or security agreements all of the powers delineated in this article for the issuance of bonds;